New US buffer triggers fresh focus on CCAR transparency
Banks fear capital volatility and may also push for changes to US G-Sib surcharge
Banks are likely to use the debate around the US Federal Reserve’s new stress capital buffer (SCB) to urge more transparency on stress-test scenarios, as well as seeking redress for alleged US gold-plating of global standards.
The period for public comment on the SCB closes on June 25 – the same week as the Fed releases the results of its 2018 Comprehensive Capital Analysis and Review stress-testing exercises. If enacted, the SCB would integrate the CCAR results into Pillar 1 capital
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